Profit and Loss
1. Person A went to the market to purchase a washing machine. The market price of a washing machine is Rs. 95,000.
a. Write the formula to find the discount if the marked price is MP and discount is d%.
b. What is the discount received by person A if the discount is 10%.
c. Person A got 15% profit after selling them at 10% discount, Calculate the cost price of the washing machine.
2. A shop keeper bought a handpump at Rs. 3500. The labelled price of the handpump is 20% above the cost price. The shopkeeper sold it allowing 20% then,
a. Write the formula to find the Selling Price of hand pump after the discount.
b. What is the discount amount for the customer.
c. What is the marked price of the hand pump.
3. A clothing store buys a dress for Rs.5000, and the marked price is 30% more than the cost price. If they decide to sell it with a 10% discount,
a. Write a formula to calculate the selling price after the discount.
b. The discount amount for the customer.
c. The marked price of the dress.
4. A shopkeeper fixed the price of an article as Rs. 2500. She sells the article at 30% discount and makes a profit of 25%.
a. What is the discount obtained by the customer?
b. Calculate the Selling price of an article.
c. What is the amount gained by the shopkeeper?
5. Mr. B buys the television at Rs. 35,000. The sticker price of television is 20% above the cost price. If he sells the television at 20% discount then,
a. What is the sticker price of the computer?
b. Calculate the discount amount.
c. Find the profit or loss percentage from the television.
6. A tourist buys a handicraft at a 15% discount on the labelled price as Rs. 3500.
a. Write the formula to calculate SP.
b. Calculate the discount amount.
c. Find the price of handicrafts after the discount of 20%.
7. Shopkeeper fixed the marked price of a watch as Rs. 7500. He sold it by allowing the discount of 20%
a. Write the relation to find profit percentage if selling price is S.P and cost price is C.P.
b. Calculate the discount amount.
c. Calculate the price of the watch after the VAT 13%.
7. Mr. A bought a book for Rs.1200 and sold it Ms. B at a loss of 15%. If Ms. B sold the same book to Mr. C at a loss of 5%.
a. Calculate the loss amount for Mr. A.
b. Calculate the cost price for Ms. B.
c. Calculate the cost price for Mr. C.
8. A motorbike is sold for Rs. 2,50,000 at a discount of 20%.
a. Write the formula to find a discount percentage.
b. Find the loss percentage if the motorbike is bought for Rs. 2,45,000.
c. Calculate the labelled price of the motorbike.
9. Mr. A bought a radio for Rs.2500 and sold it to Mr. B at a profit of 10%. If Mr. B sold the same book to Mr. C at a loss of 5%.
a. Calculate the profit for Mr. A.
b. Calculate the cost price for Mr. B.
c. Calculate the cost price for Mr. C.
10. Ms. X buys the calculator at Rs. 15,000. The labelled price of the calculator is 25% above the cost price. If she sells the calculator at Rs. 250 discount then,
a. What is the labelled price of the calculator?
b. Calculate the discount percentage.
c. Calculate the profit or loss percentage from the calculator.
Answers:
1.a. d% of MP
1.b. Rs. 9,500
1.c. Rs. 5,343.75
2.a. Rs. 3,360
2.b. Rs. 840
2.c. Rs. 4200
3.a. S.P = M.P – d% of M.P
3.b. Rs. 650
3.c. Rs. 6500
4.a. Rs. 750
4.b. Rs. 3906.25
4.c. Rs. 781.25
5.a. Rs. 42,000
5.b. Rs. 8,400
5.c. 4%
6.a. S.P = M.P – d% of M.P
6.b. Rs. 525
6.c. Rs. 280
7.a. Rs. 180
7.b. Rs. 1120
7.c. Rs. 1064
8.a. d% = (discount amount/M.P) x 100%
8.b. 18.37%
8.c. Rs. 2,50,000
9.a. Rs. 250
9.b. Rs. 2750
9.c. Rs. 2612.5
10.a. Rs. 18,750
10.b. 1.33%
10.c. 23.33%
